How Would You Explain Bitcoin to a Newbie? - page 3.

aveon

member

Activity: 434

Merit: 10

Quote from: bad_taste on November 19, 2017, 08:55:15 AM

If my grandma ask me: What is the Bitcoin?, I'll tell her that this is a new kind of golden grandma,
For more information read Wikipedia Grin

Sure, wiki is a great help here) Frankly, I would probably start from p2p system using torrent tracker file exchange.

bad_taste

newbie

Activity: 10

Merit: 0

If my grandma ask me: What is the Bitcoin?, I'll tell her that this is a new kind of golden grandma,
For more information read Wikipedia Grin

Leeke

member

Activity: 151

Merit: 11

Website link - Bitcoin Unicorn

Lol, well as a newb still - I tell anyone that asks that Bitcoin is the flagship of the crypto-currency world. And that crypto-currency is digital currency that is created from using dedicated computing power or bought and sold through exchanges just like stocks etc which can either be used for investing in like gold, or used like fiat currency for day to day transactions dependant on the crypto you have. I also tell them that all of this happens semi decentralized from governments and banks depending on your location in the world and that you can use it to move money around the world without traditional forex restrictions.

The responses I have to put up==> all I'm doing is giving my computing power to Russian hackers and that most likely I'm supported drug dealers and terrorists and mobsters and that all my computers are most likely just ovverrun with viruses and that I'll end up paying 10x in power what I can make on mining....

Verdict - don't explain crypto to a group of negative people. Just tell them its an digital asset and if they want in to go research it themselves.

Prinox2

member

Activity: 182

Merit: 10

after briefly telling him that bitcoinBTC is a digital currency like other cryptos, and how important it is to invest in it, i'll quickly go more of practical in explaining bitcoinBTC to a newbie; that's by simply let him compare the exchange rate between the present year and the last 3years.

the difference in the exchange rate will catch his interest to invest.

chadzscript

newbie

Activity: 56

Merit: 0

I think if i am going to explain bitcoin to my friends i think it is good to show them your money because of bitcoin show them what you are doing to make your money grow because of bitcoin.

Majesty0109

newbie

Activity: 24

Merit: 0

First of all explain them the history of bitcoin , the meaning of bitcoin, who controls bitcoin and lastly on how to get started in bitcoin.

The best way to learn about Bitcoin is to get some and experiment.about how to set up your own Bitcoin wallet, how to acquire bitcoins, and how to use bitcoins to help you get going.

EvaGC

member

Activity: 476

Merit: 11

I'm always having a hard time trying to explain my friends. Lately what I do is recommend a good documentary and then take it from there, so I can explain further when they have a good base

Plutonema

newbie

Activity: 4

Merit: 0

Quote from: Nakamotish on October 25, 2017, 10:29:11 AM

How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.

Can you explain bitcoin in the most Simple way?

I think explanations will far not enough to make someone understand it. For me, I'll will just explain that it is a cryptocurrency based on blockchain technology which born to make financial field better because of its system like decentralized, timestamps and many more those pointing in transparent financial system, like there will no double transaction, manipulation and something like that.

Then it become famous because its price and inspire many other coins established. I just will explain like that and will refer he/she to googling it for more detail Cheesy

Because I think explanation will not never enough to make someone really understand.

viptr

newbie

Activity: 3

Merit: 0

Thanks for your post, I have a bit of understanding about bitcoin Cheesy

xanderlex

newbie

Activity: 5

Merit: 0

Quote from: Nakamotish on October 25, 2017, 10:29:11 AM

How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.

Can you explain bitcoin in the most Simple way?

Bitcoin is one of the digital currency that very promising to invest. Bitcoin launched at 2009 was priced only around $10 and now 2017 bitcoin almost touch $8000.

franpote

newbie

Activity: 22

Merit: 0

Bitcoin is a very cool thing, having bought it or started to mine at the beginning of its creation, people have become millionaires.

So do not be afraid of the new, you need to be able to take risks Cheesy

henryjo

newbie

Activity: 34

Merit: 0

Quote from: Nakamotish on October 25, 2017, 10:29:11 AM

How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.

Can you explain bitcoin in the most Simple way?

For me i will explain that bitcoin is one of the currency cyber/online as like currency in the real world. Same as currency in the real world such as usd/aud or usd/gbp, bitcoin can be traded also. The different is bitcoin only exist to be currency in the cyberspace/online world.

podopdof00

newbie

Activity: 37

Merit: 0

bitcoin is the first crypto currency which started in 2009 at a rate of cents.. Now it is almost more than 5500$ worth.. Its a future investment and leading crypto currency at the present ..

thinkpad99

sr. member

Activity: 654

Merit: 250

Quote from: Torbeks on November 15, 2017, 05:40:56 AM

Quote from: Nakamotish on October 25, 2017, 10:29:11 AM

How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.

Can you explain bitcoin in the most Simple way?

I will tell them that bitcoin is good to get some extra money and they can use it as a side line or a full time and they can trust bitcoin and they need to rank up first so they can join in every signature campaign they want.

You can find many interesting information on Youtub. If you are struggling with some specific problem you can safely write here, there will definitely be someone who can help you.

Torbeks

member

Activity: 298

Merit: 11

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Quote from: Nakamotish on October 25, 2017, 10:29:11 AM

How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.

Can you explain bitcoin in the most Simple way?

I will tell them that bitcoin is good to get some extra money and they can use it as a side line or a full time and they can trust bitcoin and they need to rank up first so they can join in every signature campaign they want.

CryptoAssasin

jr. member

Activity: 308

Merit: 4

MenaPay - Crypto made easier than cash

Bitcoin is an online money and can only be use through online transactions, online investments and money transfer internationally. It changes its price depending on the stocks and demand on the market.

Hello_Bubble_World

newbie

Activity: 36

Merit: 0

Quote from: Decimation on November 09, 2017, 08:00:02 PM

Bitcoin in a nutshell

Pretend you are in math class, your teacher tells you to solve problems using equations, you and all your friends and classmates start doing different problems, if you successfully answer a math problem, you are given a cookie. Those cookies are Bitcoins and you are the teacher, and your classmates are the computer, you command your computer. You tell your computer to mine (solve problems), and in return you are given a small amount of Bitcoin (cookies).

Cookies?

https://i.pinimg.com/736x/af/a5/76/afa576e570d3c48d5d18cc3afec6226e--triple-chocolate-chip-cookies-chocolate-chips.jpg

Your explanation is unique, good job.

Quote from: baxxx on November 09, 2017, 06:54:00 PM

Its the future

OP did ask for something simple, and you came through.

doreraj

jr. member

Activity: 173

Merit: 1

it's pretty much depend what the person is what is his background...
for each human experience and type of understanding some new information in general the easies way will be different.

echeverialavi

jr. member

Activity: 33

Merit: 8

I would show some movie and give some sourses to read.

sousou123

newbie

Activity: 2

Merit: 0

Quote from: Nakamotish on October 25, 2017, 10:29:11 AM

How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.

Can you explain bitcoin in the most Simple way?

Bitcoin is a virtual currency, it's very easy to use ,show him some youtube video

Topic: How Would You Explain Bitcoin to a Newbie? - page 3. (Read 3604 times)